Showing posts with label fairtax economy. Show all posts
Showing posts with label fairtax economy. Show all posts

January 13, 2016

Evangelic Endorsement of Governor Mike Huckabee for President of the USA #imwithHuck


Dr. Tim LaHaye
Joni Eareckson Tada
Dr. Jim Garlow
Art Ally
Mark Harris
Joshua Feuerstein
Dr. Eric M. Wallace
Rev. Dr. Cecil Williamson
Ken Eldred
Janet Folger Porter

December 24, 2015

YOur Cashflow is taxed twice, wages & embedded in price of product, same tax twice

Your Cash flow is taxed when you work and again when you spend(embedded), the same tax paid twice.  FairTax ends the first tax and shares the second with imports. Think!

FairTax will save Social Security and move us from this Fiscal cliff with the middle class getting a substantial rise in their cashflow.

Support Governor Huckabee,...

May 09, 2014

Why have we lost so many jobs overseas over the past 30 years? #FairTax #sgp #tcot #migop #ocra #safie

FairTax is a tax neutral shift in structure from a mandatory tax on product to a voluntary tax on consumption. FairTax has nothing to do with how we spend, just on how we collect. Read this link completely and then ask yourself if it is wise to go from a closed border trade to open border trade and not change the closed border tax structure. Read this:

http://fairtaxblog.org/480/

“The U.S. Is Alone” And Why It Hurts

 “The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.” – Frederick W. Smith
In March of 2011, Pfizer Pharmaceutical CEO Ian Read told The Wall Street Journal, “There should be a tax rate that allows us to compete… in the global marketplace.”
Later that year, H.R. 25, “The FairTax Act” co-author and economist Dan Mastromarco testified before the Joint Economic Committee that America’s corporations were paying “a national statutory marginal [tax] rate of 35 percent, which masks the fact that the return on capital is taxed repeatedly. These rates impose efficiency costs of as much as $728 billion.”
Mastromarco added, “The U.S. is alone in applying its punishing rates – the highest in the OECD and 50 percent higher than the average OECD rate of 23 percent — to domestic and foreign earnings alike.”
Congress failed to heed these and other warnings and as a result, a flood of companies has continued move their production and headquarters operations outside the United States.
- See more at: http://fairtaxblog.org/480/#sthash.PdsrUyM0.dpuf

January 11, 2012

Bye Mitt Romney, again. We need FairTax to return US Industry

Bye Romney, again.

This is the link to the full length video "When Mitt Romney Came to Town."

http://www.webcasts.com/kingofbain/




What made it possible for Romney to act so:
http://rgeorgedunn.blogspot.com/p/america-where-did-we-go-wrong.html

January 06, 2012

What causes paper money to fail? USA free enterprise foundation has a flaw


  The question that first needs to be answered is:
“What is current as the Money of Account of the United States and how much of it is a DOLLAR quantity?”

Article I, Section 8, Clause 5, says in part, “Congress shall have Power To . . . fix [FIX] the Standard of Weights and Measures.” To construe these words to mean let “Dollar” float, is absurd and a False Belief.

That is the premise of my opinion. I think that education regarding an understanding of the mechanical process of money creation and its nature is prerequisite to meaningful discussion of tax policy. I recommend referring to the source, the Federal Reserve, for their explanation. See “Modern Money Mechanics” and “Two Faces of Debt,” both booklets published by the Federal Reserve Bank of Chicago for their explanation.

If we continue to engage in the distraction of political arguments rather than focus on fundamental principle, we may soon all be using the old phrase, “Not worth a Continental.” The electorate will lose any possibility of influencing an orderly return to Constitutional limits if a collapse occurs. Education is extremely important yet taking a back seat to politics in too many groups.

“. . . A number of characters of the greatest eminence in this country, object to this Government, for its consolidating tendency. This is not imaginary. It is a formidable reality. If consolidation proves to be as mischievous to this country, as it has been to other countries, what will the poor inhabitants of this country do? This government will operate like an ambuscade. It will destroy State governments, and swallow the liberties of the people, without giving them previous notice. If Gentlemen are willing to run the hazard, let them run it; but I shall exculpate myself by my opposition, and monitory warnings within these walls. But, then comes paper money. We are at peace on this subject. Though this is a thing which that mighty Federal Convention had no business with, yet I acknowledge that paper money would be the bane of this country. I detest it. Nothing can justify a people in resorting to it, but extreme necessity.”
- Patrick Henry, 9 June 1788

Modern Money Mechanics http://www.facebook.com/album.php?aid=10104&id=100000009836203



R. George Dunn~ The value of the dollar. Being we are a papercurrency, does not the vlue of the dollar then become the extension of the GDP? If we fail to produce, we fail to consume. If we fail to consume, we fail to produce. Which came first, the chicken or the egg?

The greatest power of our economy is the enorimity of it. It takes a lot to bring it to zero consumption, thus zero production. But, as pointed out, there comes a moment when a sudden lock up of the economy is entirely possible. That would come when you expand the paper money, lowerring it's value in relation to the GDP at a time of the GDP falling or stagnate. If this fact of huge expansion of the paper is covered up and no steps are taken to end the foundational reason for the GDP failing to grow, a day arrives when it becomes self evident. Eventually, the true value of the dollar paper reaches it's true deflation of fiscal stability by hyper-inflating a false GDP growth. No one can afford their cashflow anywhere, bringing the system to a halt.
The failure of paper money is the symptom, be it from neglect of the foundation of the economy or be it from tyranny from within. The value is the same. To repair the economy from a dollar faultering, the foundation of the economy needs to be adjusted to eleviate the clog to growth. The natural cycle of a free enterprise will always have an up and down. It is when government puts into the equation a burden that cannot be overcome by the economy. This is what has happenned to America.
We have placed excise tax on domestic production by movng from a closed border trading community to an open border while keeping a closed border tax structure. This action has produced a downward slide of the economy of the US Dollar, weakening it until it reached a point of threatening to hyper-inflate the currency. Without exposing the hyper-inflation, it is possible t recover from the near sudden esposure of failing, by simply changing the Tax structure to an open border consumption tax.

It would also be very important to find a path to bring back the money standard to finite terms(precious mineral), to avoid such exposure to a fiscal apocalyse in the future.
Here is my blogg on where our nation's economy has gone wrong and how to fix it:

http://rgeorgedunn.blogspot.com/p/america-where-did-we-go-wrong.html

January 01, 2012

Ben Franklin~ Least intrusive tax is the consumption tax as it is voluntary

The reach of a consumption tax mathmatically figures out to be about 2% greater into the wealth of the nation. Please go to the following chart which is based on income you volunteer to use for consumption and how much it will cost you under FairTax and the prebate figured in.  Not that the current price of product is, with competition, able to drop 15% with Federal tax removed, paychecks will be near gross amount, and with a shortage of workers, employers will  have to bid for your services.





December 04, 2009

R. George Dunn's Counter to the Romney 10 point plan letter to Pres. Obama

Governor Romney has presented a ten point plan to cure our fiscal mess.  Here is my response to this article here in USA Today: 


*
my comment:

Gov. Romney,  You are echoing the last recovery plan that did not sustain us.  Certainly War is very expensive, but so is what you are failing to consider.

When President Reagan gave us Free Trade, we had in place a closed system production tax set up by convenience.  Now, domestic manufacturing is handicapped with at least 22% federal tax expense built into the cost of product, while imports evade out Federal taxation.  If we would but adopt the Brilliantly planned FairTax our problem will be how much to cut taxes because of all the jobs it would create, expanding spending through the roof.

You also have made suggestions that do not pass  Constitutional Conduct.  States are quite able to expand infra-structure  when we can afford it.  It is time to reign in this Big Government monster that is indebting our children's children.  Who is going to pay the piper when the piper stops playing?  Chili reminds one of the word hyper.

What is the difference between a Conservative Nationalist and a Conservative Federalist?  What is a moderate, a Nationalist or a Federalist? Maybe it is time to find out.  The far right is large and this left is small.  Wake up Shadow or get out of town.

Government made jobs are not sustainable.  Get the Federal Government out of States' business and let us prosper by changing the tax structure.  WE have 23 days till the first of the year.  Greatness comes from greatness done.

George Dunn

November 29, 2009

The FairTax pre-bate is not socialism, it is your money

 
The FairTax pre-bate is not socialism
 It is your money
Article by Frankie Ray
 
Who understands that the Constitution does not authorized congress to set up a social security system?  This is "Socialism".

Where did this comment come from, and how would it relate to the debate about the Fair Tax? No one here at I-caucus advocates in favor of Social Security and I think I speak for virtually everyone here that we clearly know that social security is unconstitutional.

Several months ago, on this very forum, Independent Caucus, we answered questions or to statements about the pre-bate and about tax rates:

#1) At I-caucus we do not advocate "revenue neutral" as part of our stand on the National Sales Tax(NST) as a tax solution. The reason we do not advocate "revenue neutral" is because to do so would legitimize the current level of taxation in this country as acceptable or as the correct level of taxation; and we do not accept the current level of taxation as correct, acceptable, or legitimate.

Accordingly, there is a mechanism built into the Fixed Pie Budget that automatically adjusts the NST tax rate over time, no matter what rate the NST is established at when adopted.

Accordingly, there are no valid arguments against our position in favor of the NST which are based on a specified tax rate of any number, and any links you are leaving that argue against an NST based on a specific tax rate are, at best, irrelevant.


#2) Arguing that a "prebate" is socialism is, at best, incorrect. Here again is why calling it socialism is incorrect:

a) Under today's tax laws, if I have $1,000 per month withheld out of my paycheck, at the end of the year the government would have taken $12,000 of MY money. Correct?

b) If I then prepare my 1040 tax form, and it is decided that my tax debt for the year was only $10,400….the government would send me a refund check of $1,600. Correct?

c) Is that $1,600 refund check that the government sent me welfare? Is it socialism? No, it is not welfare and it is not socialism because the government is merely giving me back MY money. Correct?


d) If the government could decide at the beginning of any given year, that it KNEW it would be withholding $1,600 more of my money than it required of me, and sent me a check for $1,600 of my money in ADVANCE instead of at the end of the year...would that be welfare of socialism? No, it would not, because whether or not the government gives me back MY money in advance or after the fact, it is still MY money either way. Correct?

e) OK, so under the proposed NST with a pre-bate feature, when the government sends a pre-bate check it is merely refunding to me MY money in advance, before I spend MY money paying my consumption taxes during that month.

f) The government giving me back MY money is never socialism or welfare.

g) Therefore, anyone who argues that the Pre-bate built into the NST is socialism or welfare either is uneducated or deliberately misleading.

November 08, 2009

FairTax Activities in New Jersey

Great news!  Especially love the affirmation:  The FairTax proposal represents the "solution" for the Tea Party movement.


----- Original Message -----
From: Ellen
Sent: Sunday, November 08, 2009 11:21 AM
Subject: [mikehuckabee-7] Fw: FairTax Activities in New Jersey

This ones for you, George!!!!... from this Jersey girl...Ellen...hope it makes your day!

--- On Sun, 11/8/09, John Burchill <burchilljb@yahoo.com> wrote:

From: John Burchill <burchilljb@yahoo.com>
Subject: FairTax Activities in New Jersey
Date: Sunday, November 8, 2009, 10:27 AM


Hi Fellow FairTax Supporters.

I am contacting you because, during the past year, you signed a petition supporting the FairTax Movement in Congress-per H-25 and S-296.

Support for the FairTax in New Jersey is growing as can be seen when I tell you that there are 13 Congressional Districts in New Jersey and the FairTax organization has a District Director in 12 of these 13 districts.

During the past year we have been active in many areas.
1) In April we gave out FairTax literature at manyPostoffice on April 14th and 15th-Dreaded Tax Day.
2) The FairTax organization has attended a number of Street Fairs around the state, at which we have given out information and talked to many people about the FairTax Program.
3) We have held Seminars, after the Street fairs to enable interested people to learn about the FairTax program in greater detail.
4) When ever a congressman hold a town hall meeting, the FairTax organization is represented and we ask basic questions of the congressman.
5) You may have heard of The Tea Party Movement. We have had speakers make presentations at at least 4 of theses meetings. It turns out that The FairTax proposal represents the "solution" for the Tea Party movement.

We have plans to continue our efforts in the coming year and would love to have your support.Please let me know, by email or phone, if you would be willing to become involved at whatever level of activity you would be comfortable with.

I look forward to hearing from you.

Regards and let's eliminate the Income Tax.

Regards;


John Burchill
FairTax District Director. NJ Congressional District #7.

Cell:908-240-7056.

 


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